Crown Castle (CCI) Outlook Brightens as BMO Lifts Target Amid Fiber Sale Plans

Crown Castle Inc. (NYSE:CCI) ranks among the best 5G stocks to buy now. On August 19, BMO Capital raised its price target for Crown Castle Inc. (NYSE:CCI) from $115 to $120 and upgraded the stock from Market Perform to Outperform. The boost follows Crown Castle’s intention to sell its fiber division, a deal that BMO Capital estimates might not conclude until mid-2026.

The recent appointment of a new CEO, which lifts a previous overhang for the company, and a better carrier activity backdrop are two further positive aspects that BMO Capital noted to support its generally bullish outlook.

With $3 billion in post-close share repurchases supporting the stock, the firm anticipates that Crown Castle Inc. (NYSE:CCI) will continue to re-rate as a U.S. Tower pure-play.

Crown Castle Inc. (NYSE:CCI) is a major player in the real estate investment trust (REIT) sector, especially when it comes to 5G, with a sizable portfolio that comprises over 40,000 cell towers.

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Disclosure: None. This article is originally published at Insider Monkey.